Free Labor for Costly Journals? | Zendy

Théodore C. Bergstrom | Zendy

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Free Labor for Costly Journals?

Author(s) -

Théodore C. Bergstrom

Publication year - 2001

Publication title -

the journal of economic perspectives

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 9.614

H-Index - 196

eISSN - 1944-7965

pISSN - 0895-3309

DOI - 10.1257/jep.15.4.183

Subject(s) - citation , price index , column (typography) , economics , library science , mathematics , computer science , econometrics , geometry , connection (principal bundle)

Commercial publishers charge libraries about 6 times as much per page and 16 times as much per citation as nonprofit journals. The paper presents evidence that successful for profit journals are priced at several times average cost. They are able to earn monopoly profits despite free entry into the industry because journal reputation is the result of a kind of coordination game. The paper advocates withholding free referee services from overpriced journals.

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